Capital World Investors Reduces Stake in Copa Holdings, S.A. (NYSE:CPA)

Capital World Investors lowered its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,704,021 shares of the transportation company's stock after selling 19,995 shares during the quarter. Capital World Investors owned 11.19% of Copa worth $413,389,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of Copa by 147.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock worth $87,000 after purchasing an additional 591 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Copa during the fourth quarter valued at approximately $225,000. Steward Partners Investment Advisory LLC lifted its position in shares of Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after acquiring an additional 521 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after acquiring an additional 1,288 shares during the last quarter. Finally, Optimist Retirement Group LLC purchased a new stake in shares of Copa during the third quarter worth approximately $240,000. Hedge funds and other institutional investors own 70.09% of the company's stock.

Copa Trading Down 0.2 %

CPA traded down $0.19 during trading hours on Friday, reaching $89.96. The company's stock had a trading volume of 59,038 shares, compared to its average volume of 303,335. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The stock has a market cap of $3.78 billion, a PE ratio of 6.18, a P/E/G ratio of 0.87 and a beta of 1.11. The business's 50-day moving average is $91.69 and its 200-day moving average is $92.88.

Copa (NYSE:CPA - Get Free Report) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. As a group, equities research analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend was Friday, February 28th. Copa's dividend payout ratio is presently 44.23%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Cowen restated a "buy" rating on shares of Copa in a report on Tuesday, February 18th. UBS Group upped their price objective on shares of Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, StockNews.com lowered shares of Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $153.29.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.